Real Estate
Hoover Council Extends Stadium Trace Incentives
The Hoover City Council has extended the timetable for incentives for Stadium Trace Village, leaving room for upgrades.
HOOVER, AL — The Hoover City Council Monday voted to extend incentives for Stadium Trace Village, as room for growth is expected in the development. A Birmingham Business Journal report said the extension will likely allow the developer to recoup $20 million in sales tax rebates.
The Broad Metro development company plans to spend another $6.5 million on infrastructure improvements at Stadium Trace Village, and the new extension allows the developer to to leverage capital in the bond market to complete the Village Green improvement project.
Read the full story on the Stadium Trace Village development extension in the Birmingham Business Journal.
Find out what's happening in Hooverfor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.